Bruins President Cam Neely announced on Tuesday that the Bruins have signed a letter of intent for a long-term lease with Boston Landing, a mixed-used development in the Allston-Brighton neighborhood of Boston, to build a new professional standard hockey rink that will serve as the team’s practice facility.

“I am thrilled that we have found the Bruins a new practice home within the Boston city limits,” said Bruins Principal Charlie Jacobs. “Our goal is to set the industry standard in everything that we do, and we are confident that our new practice facility will do just that. As we enter the design phase of the project, we look forward to sharing details as they become available.”

The place sounds pretty awesome, too - we're talking state-of-the-art here. That's a big difference from Ristuccia Rink in Wilmington, MA where the Bruins have currently held their practices since the 1987-88 season.

Boston Landing is a 14-acre mixed-used development in the Allston-Brighton neighborhood of Boston that includes the new world headquarters of New Balance, which will be completed in Fall 2015. The new facility will have 25,000 square feet of locker room, training, and office space. Construction on the practice facility is estimated to begin in Spring 2015 with completion for Fall 2016.

“Since joining the Bruins in a front office capacity, a goal of mine has been to move the Bruins into a first-class practice facility and this agreement moves us closer to accomplishing that goal,” said Neely. “The vision that New Balance has for the Boston Landing project is exactly what we were looking for, and we are confident that through this partnership, we will build a facility that our entire organization will be proud of.”